Answer:
The break-even point measured in sales dollars is $8
 
        
             
        
        
        
Answer:
300 A
Explanation:
(SQ - AQ) SP
(6000 - 6300)1
300 A
It means that actual quantity produced is worse than expected quantity.
 
        
             
        
        
        
Answer:
The correct answer is $132,664.89.
Explanation:
According to the scenario, the given data are as follows:
Present value (PV) = $50,000
Rate of interest (r) = 5%
Time period (n) = 20 Years
So, we can calculate future value by using following formula:
Future value = PV × (1 + r)^(n)
= $50000 × ( 1 + 5% )^20
= $50000 × (1 + 0.05)^20
= $132,664.89
Hence, After 20 years land will be worth $132,664.89.
 
        
             
        
        
        
Answer:
The correct answer is: price elastic; increase. 
Explanation:
The price elasticity of demand for apples is 1.2.  
This implies that the demand relatively prices elastic.  
Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.  
A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.